Gantry has secured a $32.4 million permanent loan to refinance construction debt for Mia Rose Holdings’ 44 West Luxury Living apartment community.
Located at 91 Kaiman Lane in suburban Valley Park, Missouri, just outside St. Louis, the modern 204-unit garden-style apartment community features one- and two-bedroom floorplans. The property, comprised of five residential buildings and a clubhouse, was completed in 2024 and is now stabilized for a legacy hold.
Gantry’s Joe Monteleone, Principal, and Bonnie Monteleone, Senior Associate, with the firm’s St. Louis production office, represented the borrower, a private real estate investor. The five-year, fixed-rate loan was secured from an institutional direct lender and features interest-only terms for the duration of the loan.
44 West was developed by Mia Rose Holdings, a St. Louis-based real estate development firm specializing in multifamily and mixed-use communities throughout the Midwest. The refinancing ensures 44 West will remain a long-term asset in the Mia Rose Holdings portfolio.
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